| Profit before tax |
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| Depreciation and amortization |
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| Impairment loss on insurance receivables |
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| Impairment of goodwill |
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| (Gain) loss on disposal of property, premises and equipment |
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| Realized gain on sale of financial assets at FVTPL |
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| Fair value loss (gain) on investment properties |
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| Realized loss (gain) on sale of investment properties |
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| Realized loss (gain) on sale of financial assets at FVTPL |
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| Fair value loss on investment properties |
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| Realized loss on sale of investment properties |
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| Loss (gain) on revaluation of financial assets at FVTPL |
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| Loss on sale of bonds at fair value through OCI |
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| Expected credit loss on financial assets |
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| Share of loss from associates |
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| Share of (profit) loss from associates |
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| Lease interest expense |
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| Interest income |
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| Share-based payment expense |
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| Change in fair value of derivative financial liability |
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| Net foreign exchange differences |
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| Cash from operations before working capital changes |
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| Term deposits |
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| Insurance receivables |
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| Purchase of financial assets at FVTPL |
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| Purchase of bonds through OCI |
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| Proceeds from maturity of financial assets at amortized cost |
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| Proceeds from sale/maturity of bonds at fair value through OCI |
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| Proceeds from sale of financial assets at FVTPL |
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| Reinsurance share of outstanding claims |
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| Reinsurance share of unearned premiums |
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| Deferred excess of loss premiums |
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| Deferred policy acquisition costs |
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| Other assets |
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| Interest received |
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| Additions to investment property |
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| Proceeds from sale of investment property |
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| Gross outstanding claims |
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| Gross unearned premiums |
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| Insurance payables |
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| Other liabilities |
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| Unearned commissions |
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| Net cash flows (used in) from operating activities before tax |
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| Income tax paid |
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| Net cash flows (used in) from operating activities after tax |
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| Purchases of property, premises and equipment |
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| Proceeds from sale of premises and equipment |
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| Acquisition of a subsidiary, net of cash acquired |
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| Purchases of intangible assets |
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| Net cash flows used in investing activities |
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| Dividends paid |
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| Treasury shares |
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| Lease liabilities payments |
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| Net cash used in financing activities |
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| NET CHANGE IN CASH AND CASH EQUIVALENTS |
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| OPERATING ACTIVITIES: |
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Net income
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| Adjustments to reconcile net income to net cash provided by operating activities |
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Depreciation and amortization
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Deferred tax expense (benefit)
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| Gain on disposal of property and equipment |
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| Net realized gain on investments |
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| Net unrealized gain on investments |
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| Change in allowance for expected credit losses on investments |
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| Change in fair value of derivative financial liabilities |
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Share-based compensation expense
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| Leases expenses |
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| Amortization of net premium on investments |
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| Non cash adjustment for differences in tax basis |
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| Change in: |
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| Premiums receivable |
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| Reinsurance recoverables |
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| Ceded unearned premiums |
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| Deferred policy acquisition costs, net of ceding commission |
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| Accrued investment income |
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Other assets
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| Reserve for unpaid loss and loss adjustment expenses |
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| Unearned premiums |
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| Insurance and reinsurance payables |
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| Operating lease liabilities payments |
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Other liabilities
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Net cash provided by operating activities
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| INVESTING ACTIVITIES |
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| Purchase of equity securities and other investments |
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| Purchase of fixed maturity securities available-for-sale |
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| Proceeds from fixed maturity securities held to maturity |
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| Proceeds from sale/maturity of fixed maturity securities available-for-sale |
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| Proceeds from sale/maturity of available for sale debt securities |
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| Proceeds from sale of equity securities and other investments |
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Purchases of property and equipment and Intangible assets
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| Proceeds from sale of property and equipment |
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| Change in term deposits |
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| Change in short-term investments |
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|
Acquisition of a subsidiary
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Net cash from (used in) investing activities
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| FINANCING ACTIVITIES |
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Dividends paid
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Repurchase of common shares under share repurchase program
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| Warrants redemption |
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| Proceeds from issuance of common stock under Employee Stock Purchase Plan |
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Net cash flows used in financing activities
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| NET CHANGE IN CASH, AND CASH EQUIVALENTS AND RESTRICTED CASH |
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| Cash, cash equivalents and restricted cash at the beginning of the year |
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| CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT THE END OF THE YEAR |
|
|
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| Supplemental Cash Flow Information: |
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| Income tax paid |
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|
